Mainstay Capital Management LLC ADV Sells 153,649 Shares of Invesco NASDAQ 100 ETF $QQQM

Mainstay Capital Management LLC ADV cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 50.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,787 shares of the company’s stock after selling 153,649 shares during the period. Invesco NASDAQ 100 ETF makes up 3.8% of Mainstay Capital Management LLC ADV’s portfolio, making the stock its 11th largest position. Mainstay Capital Management LLC ADV’s holdings in Invesco NASDAQ 100 ETF were worth $38,004,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in QQQM. Vantagepoint Investment Advisers LLC purchased a new stake in Invesco NASDAQ 100 ETF during the third quarter valued at about $538,021,000. Invesco Ltd. increased its holdings in shares of Invesco NASDAQ 100 ETF by 18.8% in the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock worth $2,460,590,000 after buying an additional 1,715,025 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Invesco NASDAQ 100 ETF by 73.1% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock worth $876,757,000 after buying an additional 1,630,000 shares during the period. Soundwatch Capital LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $3,159,000. Finally, Bank of Nova Scotia bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $277,718,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $244.92 on Thursday. The business has a 50-day moving average of $251.94 and a 200 day moving average of $250.82. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The stock has a market capitalization of $70.25 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.323 dividend. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 annualized dividend and a yield of 0.5%.

About Invesco NASDAQ 100 ETF

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.